7 Wind power, competitiveness guaranteed Versus cliché "expensive energy source" Wind power is one of the forces driving pool prices down In 2009, sector premiums cost each household in Spain 1.30/month Meanwhile last year major industrial users saved 160,000 on average thanks to wind power (via pool price savings) Wind premiums are included in the access tariff and represent 9.8% of fixed system costs The fixed cost implied by wind power production needs to be deducted for the energy price savings implied by the displacement of more expensive fossil fuel power stations Source: AEE 7

8 Wind power, competitiveness guaranteed Versus cliché "responsible for the tariff deficit" In 2009, wind power premium cost overruns amounted to 230 million, just 5% of the total tariff deficit Under prevailing rates, the wind power sector would receive 28 billion in premiums over the next 20 years Generating the equivalent amount of energy using gas, assuming average IEA prices, would cost 50 billion (the cost of gas imports + the cost of purchasing carbon emission certificates) Source: AEE and IEA 8

9 Wind power, competitiveness guaranteed Versus cliché "generates system cost overruns" During the last five years, wind power output totalled 138 TWh while premiums amounted to 5.2 billion Generating the same amount of energy using gas would have cost almost 5 billion, which has to be grossed up by 700 million for the CO 2 emissions generated (requiring the purchase of emission certificates outside Spain). In all, more than 5.7 billion in income that was not transferred abroad Source: AEE 9

14 Wind power, the same yet different Versus cliché "renewables are all the same" The same as the other renewable energies But different in terms of Industrial nature Prevent carbon emissions Contribute to lowering electricity prices Natural resource - limitless Reduce energy dependence national vulnerability Technological maturity Existence of a national industrial sector Longer development periods (8 years to develop a wind farm) Advanced technological learning curve A more mature sector in terms of technology and development Higher capital requirements 14

18 Cutting carbon emissions Contribution of wind power Energy-related CO 2 emissions (1) in 2030 GT of CO % The 158 GW of total capacity at year-end 2009 produced 340 TWh of clean electricity and prevented the emission of 204 million tonnes of CO 2 /yr Emissions 2006 Forecast 2030 Effect of implementation of new policies Forecast Including power generation, industry, transportation, construction and other energy sectors 2 The 550 Policy estimates assume that the mix of low carbon energy sources increases from 19% in 2006 to 25% by 2030, boosted by an increase in renewable energy capacity of 440 GW Source: IEA World Energy Outlook

19 Growth in global demand In emerging nations, mainly Asia Population without access to electricity: 1.5bn in 2008 and an estimated 1.3bn in 2030 Source: IEA China and East Asia North Africa 1.7 Middle East South Asia Latam Sub-Saharan Africa

25 Stable framework Diapositiva con fotografía Spanish situation Layout de diapositiva con fotografía o Delay in talks plunges sector back in the state of uncertainty prevailing for more than a year. Talks need to be rekindled without further delay o A new round of negotiations must consider sector feedback Wind power sector Additional Jorge Calvet, Chairman text of Gamesa 25

27 The new wind power industry New and more sophisticated demands, greater competition and pressure The new wind power industry Demand Demand shifting to new geographies Technology and innovation, key competitive differentiators More sophisticated customers/demands Competition Traditional players need to react swiftly to hold on to competitive advantages Advent of newcomers, particularly in the low cost segment/markets Regulation Growing pressure on the support mechanisms designed to foster growth of renewable energy 27

33 Conclusions Wind power is here and has a brilliant future ahead of it as a driver of competitiveness: - guaranteeing supply security and delivery of environmental targets at a price not subject to volatility - contributing to raising energy, economic and political independence Economic and social returns far in excess of premiums received Wind power is meeting a growing percentage of demand R&D, key to staying competitive and the glue keeping the industrial landscape together Urgent need for a new regulatory framework Gamesa, an innovative and global leader 33

World Energy Outlook 2013 London, 12 November The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles: importers are becoming exporters

The Global Commission on the Economy and Climate Major Economies Forum, Paris Jeremy Oppenheim, Programme Director 11 th July 2014 Purpose of the Global Commission Reframe the debate about economic growth

World Energy Outlook 2013 Maria van der Hoeven Executive Director International Energy Agency Tokyo, 28 November The world energy scene today Some long held tenets of the energy sector are being rewritten

World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

ENERGY SECTOR JOBS TO : A GLOBAL ANALYSIS Final report For Greenpeace International Authors Jay Rutovitz, Alison Atherton Institute for Sustainable Futures UTS 2009 Disclaimer While all due care and attention

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets

London, 10 November 2015 The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment in 2016 Coal prices remain at rock-bottom

international energy agency agence internationale de l energie Energy Efficiency Indicators for Public Electricity Production from Fossil Fuels IEA Information paper In Support of the G8 Plan of Action

WIND ENERGY Roadmap 1. Introduction to the Wind Energy Roadmap to 25 The development of renewable energy, including both offshore and onshore wind, is central to our energy policy. 2. Energy derived from

Renewable Energy Sector in the EU: its Employment and Export Potential A Final Report to DG Environment ECOTEC Research & Consulting Limited Priestley House 28-34 Albert Street Birmingham B4 7UD United

KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030 Roger Caiazza Not representing EEANY DISCLAIMERS The following analysis does not

A macro-economic viewpoint What is the real cost of offshore wind? siemens.com / wind in the cost debate A broader view of the value of renewables. Globally, installed power generation capacity currently

Offshore Wind: some of the Engineering Challenges Ahead David Infield CDT in Wind Energy Systems Institute of Energy and Environment University of Strathclyde International context (from IPCC report) Greenhouse

Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

Pure Power Wind energy targets for 2020 and 2030 A report by the European Wind Energy Association - 2011 Pure Power Wind energy targets for 2020 and 2030 A report by the European Wind Energy Association

Australian Remote Renewables: Opportunities for Investment The largely untapped remote clean energy market and funding support available from the Australian Government creates an attractive opportunity

Developing solar in emerging markets Swedbank Conference March 17, 2016 Our values Predictable Driving results Change makers Working together Disclaimer The following presentation is being made only to,

6th International Conference on Industrial Engineering and Industrial Management. XVI Congreso de Ingeniería de Organización. Vigo, July 18-20, 2012 Economic Analysis of the Renewable Energy Policies in

RENEWABLE ENERGY IN AUSTRALIA Increasing electricity generation from renewable energy sources is one of the main strategies to reduce greenhouse emissions from the power sector. Australia has historically

Session: For more information: www.hydropower.org/congress World Energy Scenarios The Role of Hydropower in Composing Energy Futures to 2050 Presentation at the World Hydropower Congress Session 2050 GW

A report by the European Wind Energy Association - July 2014 1 WIND ENERGY SCENARIOS FOR 2020 Content Background...3 Reasons for the new scenarios...3 Proposed new scenarios...3 Text and analysis: Jacopo

1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European

Design and Impacts of the German Renewable Energy Act an Inspiration for a Feed-in Law for Egypt? Folie 1 > Vortrag > Autor About us DLR German Aerospace Center Aeronautics Space German Aerospace Agency

Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

Impact of Changing Energy Patterns on EU Competitiveness Giovanni Brianza 30 April 2014 Energy prices in EU Gas prices in major EU manufacturing economies 2 3 times higher than in the US...... and industrial

Nuclear power development in Poland - we need decision today Hanna Trojanowska Director of International Affairs and New Technologies Department PGE Polska Grupa Energetyczna S.A. Organisation of the Polish

Generating electricity 1. You can generate electricity for use in your own home using a wind turbine fixed above the roof. (a) Wind is a renewable energy source. Which one of the following is not a renewable

Smart Cities and Sustainable Technology Liam Mulligan Head of Mobility and Sustainability Siemens Ltd. Cities are the growth engines for their national economies Megatrends imply significant challenges

OVERVIEW More than $1.6 trillion was invested in 2013 in energy supply, a figure that has more than doubled in real terms since 2000, and a further $130 billion to improve energy efficiency. Renewables

8 April 2011 Disclaimer THIS PRESENTATION MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, JAPAN, ITALY, AUSTRALIA, CANADA OR ANY OTHER COUNTRY IN WHICH THE DISTRIBUTION OR DIFFUSION

SMARTGRID Roadmap 1. Introduction to the Smart Grid Roadmap to 25 Ireland faces the same long term energy challenges as the rest of the world: a need to move towards competitively priced, environmentally